Bay View Funding Blog

As we work through our rushed week, cramming into four days what needed to be accomplished in five; remembering with happiness the long weekend but at the same time wishing time would stand still so we could catch up, we should all take a moment to breathe, open our peripheral vision and reflect a little.

Factoring in the Change

Bay View Funding was obviously more than happy to help an oil pipeline contractor who was dissatisfied with the service his company was receiving from their existing accounts receivable financing company. But what prompted the need for change?

As we near the halfway point of 2014, it is a good time to take a look at some of the big challenges small businesses continue to face.

In an article addressing key issues small businesses will face in 2014, Angus Loten and Sarah E Needleman look at three big challenges for 2014 and beyond. In summary, they discuss the following:

Do you have customers who simply have not paid on their invoices? Collections could be an answer, but when should you resort to this, how does it work, and how does it differ from invoice factoring?

There is a common misconception that collections agencies and invoice factoring companies are similar. This could not be further from the truth. Both receive money from your customers, but there are some major differences.                                                                                                                           

Projecting cash flow is one of the most vital elements to a profitable business. If the cash flowing in to your business is not matched with the cash flowing out, chances are you will be looking at badly managed cash flow, and a potential crisis.

Are you faced with more than just worrying about getting a load delivered on time? And not just juggling the finances, but concerned about paperwork and the administrative burden? Freight factoring may hold the key.

Raising money for the American Cancer Society is extremely important to the employees at the invoice factoring company Bay View Funding.

Bay View Funding's Mountain View team, came together, for the third year in a row, to participate in Relay For Life, proudly raising money for The American Cancer Society. This is a charity that is close to the hearts of every team member. The 24-hour event saw team members rallying together to raise money, camp, sell T-shirts, encourage each other as they took turns walking around the track, and generally spend valuable moments bonding together for a great cause!